jordan pulse -
Central Bank:
We are committed to maintaining monetary stability. The dinar’s
inflation rate is 2.1%, which is the lowest rate achieved in the world.
The foreign reserve reached 18.2 billion dollars, which is a safe level that covers 8 months of our imports.
We got out of the gray zone very quickly.
The dollarization rate was 18%. It is one of the lowest in the world.
Deposits exceeded 43 billion and contributed to pumping in facilities worth one billion dinars,
2.7% of inflation expectations for this year.
The Governor of the Central Bank of Jordan, Dr. Adel Sharkas, confirmed that the bank is committed to maintaining monetary stability and keeping inflation rates low, which reached about 2.1 percent last year.
Sharkas explained, during the Parliamentary Finance Committee meetings to discuss the draft general budget law for the fiscal year 2024, that foreign currency reserves amounted to about 18.2 billion dollars, and that the dollarization rate reached about 18 percent, which is the lowest historically, indicating that deposits rose until last November to reach about 43 percent. 3 billion dinars.
Sharkas stated that the facilities increased by one billion dinars to reach about 33.3 billion dinars during the 11 months of last year.